A borrows rupees 10000 for 4 years and pays ruppes 2600 as interest find the rate of interest charged.
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13
Answer:
principal =10000rs
time =4yrs
interest =2600r
rate =(interest×100)/principal×time
=2600×100/10000×4
=260000/40000
=26/4
=6.5%
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11
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